AOT Growth and Innovation Fund (AOTG)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
AOTG Chart
AOTG: Growth Portfolio With Exceptional GARP, Quality Characteristics, Worth Shortlisting
AOT Growth and Innovation ETF focuses on companies with "high growth potential based on a low marginal cost business model." AOTG's portfolio is highly concentrated, with 35.7% in AMD, NVDA, and MU, and features strong GARP and quality characteristics but quite high beta. AOTG's 75 bps expense ratio, suboptimal liquidity, and higher drawdown risk undermine its appeal relative to QQQM.
AOTG: Extremely Aggressive High-Priced Growth ETF With A Novel Strategy
AOTG delivered a 104.35% cumulative total return in 2023-2024, ranking #3 in the large-cap growth category despite its high 0.75% expense ratio. Returns since its inception in June 2022 weren't as strong, though, as AOTG's selection process sets itself up to be a top- or bottom-quartile-performer in any given year. Still, its approach to investing, which involves selecting companies with 20% long-term growth rates and ones with low marginal cost, is unique to the space, and worth a closer look.
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AOT Growth and Innovation Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is an actively managed exchange-traded fund (ETF) that focuses on identifying and investing in U.S. listed equity securities with high growth potential. These potential investments are selected based on a unique criterion – the companies must operate on a low marginal cost business model. This specific approach seeks to capitalize on the efficiency and scalability advantages that certain companies enjoy, potentially leading to significant growth. The fund sets a firm threshold for consideration, limiting its universe to publicly traded equity securities in the United States that have a minimum market capitalization of $800 million. This criterion ensures that the investments are made in companies that have already achieved a substantial size and stability. Notably, the fund deliberately excludes investments in Real Estate Investment Trusts (REITs) and Business Development Companies (BDCs), focusing its strategy on sectors that align more closely with its growth and low marginal cost business model investment thesis.
Products and Services
- Actively Managed ETF
The primary offering is an actively managed exchange-traded fund that invests in companies with high growth potential. Unlike passive ETFs that track an index, this actively managed ETF employs a strategic approach to stock selection, focusing on the unique investment idea of low marginal cost business models. The active management component means that the ETF is constantly monitored and adjusted by the management team to optimize performance and adapt to changing market conditions. Investors who are interested in sectors that benefit from economies of scale, technological advantages, and reduced costs of expansion might find this product particularly attractive. The ETF’s focus on U.S. listed equity securities encompasses a wide range of industries, ensuring a diversified portfolio that mitigates sector-specific risks while capitalizing on the growth potential identified by the fund managers.
